Behind the Wheel with Phil Lebeau

Ford profit warning clears the deck for 2014

Bob Shanks
Jeff Kowalsky | Bloomberg | Getty Images

After seven years of making the right moves, and shifting from losing billions of dollars to making billions of dollars, Ford Motor has thrown a curve ball at investors by issuing a profit warning for 2014.

And it's not a little drop in profits—it's a sizable hit.

Next year, Ford said it expects to bring in a pretax profit between $7 billion and $8 billion, which would be a drop of $500 million to $1.5 billion from 2013 projections.